Rice Margin Protection
Rice Margin Protection is an Area Based Coverage to protect against unexpected decrease in operating margin.
Based on Expected Margin:
o Expected Area Revenue
o Expected Area Operating Costs
Can be bought as a stand alone policy or in conjunction with a multi-peril policy. When bought with a multi-peril policy (Either YP or RP)-- the premium for the Margin Protection will be reduced because the indemnity payments from the base policy can offset payments from the MP Policy. Coverage Levels are from 70%-90% in increments of 5%.